The forex market is open for traders around the world including traders from Europe and Asia. While it is legal to trade forex in these continents, the forex trading rule can vary depending on the country in Europe and Asia. Forex regulation in Europe is a mixture with every company having its own independent regulatory body but each of them is unified by one single regulation. If you are looking to trade forex from these parts of the world, you need to work with a regulated forex company that offers trading service to clients from your jurisdiction. To make it easy for you to choose, we have provided in this article the oldest brokers in Europe and Asia. Working with such brokers ensures you’re working with companies that are reliable with a long-standing reputation in the industry.
Example of these forex brokers are: 1. IG
IG provides traders a broad range of tradeable assets, superb trading experience and research tools, top industry training, and competitive rates. The Company was launched in the UK in 1974 and has been in the market for more than forty years. It is one of the biggest CFD brokers in the world. It is regulated by several bodies globally, including top-tier regulators like the Financial Conduct Authority (FCA) and the Federal Financial Supervisory Authority, FSA and (BaFin).
IG Group is listed on the London Stock Exchange. IG is considered safe because it is listed on a stock exchange, discloses its financials and is regulated by top-tier regulators. While the headquarters of the company is in London, UK, it caters to clients all over the world including other European countries, the US, Asia, and Africa.
HYCM has also been in the market for more than forty years and is reputed for providing clients with a trustworthy and reliable service. Given the company’s reputation, it is safe to invest with this time-tested and proven broker. The company was launched in 1977 and has been in operation since then.
HYCM has won a lot of awards and a few of the recent ones include the Best Forex Broker award (UAE 2017) from Global Banking and Finance Review and Best Mobile Trading Platform (2017) award from World Finance. The company’s headquarters are in 28 Throgmorton Street, London, EC2N 2AN, UK but it functions under the supervision of top-tier world regulators like CySEC and FCA. The company has branches in Hong Kong, the United Kingdom, Dubai, and Cyprus.
3. CITY INDEX
The forex market in Europe is one of the most open and easily accessible forex market globally. Due to the multiple regulatory bodies and extensive interest in forex trading, many brokerage companies thrive in this jurisdiction. City Index was launched in the 1980s and it currently offers more than 12000 tradable assets including CFDs and Spread betting for European traders. It functions under the regulatory surveillance of the FCA which means you can trust that your money is safe with this broker. Users can equally have access to the popular Metatrader 4 and a free demo account.
iForex is one of the oldest forex brokers with a history that dates back to 1996. They offer services to traders around the world including Europe and Asia. You can be sure of massive trade volume and great liquidity with this broker. They make use of advanced technology and excellent customer service to ensure that the client’s needs are met. IForex offers its proprietary, user-friendly trading platforms for web and mobile trading and offers more than 800 tradable assets across different markets and industries.
Users can have access to great educational resources including financial news, daily market analysis, an Economic Calendar and video tutorials suitable for all levels. Traders can equally access high leverage and tight spreads on all their tradable assets.
Forex.com is owned by GAIN Capital Holdings, Inc. a company listed on the Newark Exchange-NYSE-(GCAP). It provides services to forex traders across the world including Europe and Asia. Users can enjoy fantastic trading features like tight forex spreads, fast transaction processing, a mobile trading platform, and a plethora of technical research indicators accessible in twenty-nine different languages.
FOREX.com integrates the popular MetaTrader 4 or FOREXTrader into their platform. Traders on the site can either use advanced trading, web trading and mobile trading apps. High-volume traders receive compensation in the form of cash rebates, interests, and bank fees waivers. The company is established in 1999 and functions under the regulation of CFTC, NFA. The company’s headquarters is located in 135 US Highway 202/206 Bedminster, New Jersey, 07921. The minimum account opening is 50 dollars for US traders, 50 pounds for UK traders and 50 Euros for EU traders
Trade with trusted forex broker and understand the risks
These are just a few of the oldest forex brokers for Asian and European clients. You can be sure that your funds are safe with any of this broker. They have a long track record of reliable and trustworthy operation in the industry. Your final choice will depend on your trading goals and the instruments they offer.